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What is the Terminated Merchant File?

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Alternatively known as the MATCH List, seeks to safeguard banks from extending acquiring services to high-risk enterprises. In certain circumstances, such as excessive chargebacks, data breaches, fraudulent activities, or violation of regulations, a merchant’s account may be terminated.

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What is Embedded Finance and Embedded Fintech?

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TL;DR Embedded finance integrates financial services into non-financial business processes, while embedded fintech integrates fintech solutions into the processes of an institution in the finance industry. This is because most embedded finance solutions are provided by traditional banks. However, they’re two different concepts.

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Cybersecurity Falls Short In September

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Though not a new hack, the data breaches at Yahoo nevertheless comprised the largest cyberattack of all time, so it’s only fitting that we include this month’s court decision to move forward with litigation. National Bank of Canada. No addresses, banking information or social insurance numbers were compromised by the glitch.

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What is Click to Pay and How Does It Work?

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Enhanced securitytokenization and two-factor authentication reduces the risk of data breaches As we mentioned earlier, Click to Pay uses a data security approach called tokenization to protect sensitive financial data from malevolent actors. The original sensitive data is still secured and hidden in an external data bank.

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Actually, 3B Users Were Affected By 2013 Yahoo Hack

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The stolen information didn’t include passwords in clear text, payment data or bank accounts. Verizon was able to purchase Verizon for $350 million less than expected due to the 2013 data breach and a subsequent 2014 hack. Yahoo hasn’t been able to identify who was responsible for the 2013 breach, but the U.S.

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The 12 PCI DSS Requirements to Ensure PCI Compliance

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Compliance with PCI Data Security Standard regulations prevents shortcomings and vulnerabilities in payment processing, thereby reducing the risk of fraud, identity theft, and cyberattacks. TL;DR PCI DSS is a set of protocols to be followed by companies that store, process, and transmit cardholder data.

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Understanding Risk Management Strategies as a PayFac

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Identity theft, data breaches, and chargeback fraud are some of the most common types of risks. This will help you identify areas of non-compliance and rectify these identified risks as soon as possible. They always seem to adapt and evolve their techniques even when security measures are in place.